World Bank has slashed Malaysia’s 2018 economic growth projection for the second time this year, bringing the forecast slightly lower than the Finance Ministry’s official guidance of 4.8%.
The government’s declining expenditure as well as lower public and private investments have led the World Bank to lower gross domestic product (GDP) forecast to 4.7%, down from 4.9% as stated in October this year.
Read more at: https://www.thestar.com.my/business/business-news/2018/12/18/word-bank-lowers-malaysia-gdp-growth-again-to-4pt7pct/
